Millrace Real Estate

Welcome to Millrace, a charming subdivision nestled in the heart of Wake Forest, North Carolina. This picturesque community perfectly combines the tranquility of suburban living with the vibrant energy of nearby urban amenities, making it an ideal choice for families, professionals, and retirees alike.

Millrace is characterized by its tree-lined streets, well-maintained homes, and a warm sense of community. The subdivision features a variety of architectural styles, from cozy single-family homes to spacious modern designs, ensuring that there is something to suit every taste. Residents enjoy beautifully landscaped yards and access to community parks, where children can play and families can gather for picnics or leisurely strolls.

One of the standout features of Millrace is its prime location. Situated just a short drive from downtown Wake Forest, residents have convenient access to a plethora of shopping, dining, and entertainment options. The historic charm of Wake Forest is evident in its quaint boutiques and local eateries, while larger retail centers are just minutes away.

For those who enjoy the outdoors, Millrace is close to multiple parks and recreational areas, including the scenic E. Carroll Joyner Park, which offers walking trails, playgrounds, and open spaces for community events. Additionally, the subdivision is conveniently located near major highways, providing easy access to Raleigh and the Research Triangle area.

With its friendly atmosphere, excellent amenities, and a strong sense of community, Millrace is more than just a place to live—it's a place to call home. Discover the charm of Millrace and experience the perfect blend of comfort and convenience in Wake Forest, NC.

Newest Listings in Millrace

$1,325,000

4 Beds ⋅ 4 Baths ⋅ 10179572 MLS ⋅ ACTIVE Status

Discover the perfect blend of privacy, versatility, and natural beauty in this exceptional waterfront home nestled on 2.84 acres in the sought-after Millrace community. Bordering Austin Creek and overlooking peaceful community ponds, this property offers a tranquil setting while remaining just minutes from the best of Wake Forest. Designed with flexibility in mind, the home features 4 bedrooms, a dedicated home office, and an oversized game room with a wet bar. The thoughtfully designed floor plan includes a main-level primary suite along with two additional first-floor bedrooms, making everyday living convenient for a variety of lifestyles. Upstairs, you'll find another private bedroom, office, and an expansive bonus/game room perfect for entertaining, a home theater, fitness space, or teen retreat. Outside, enjoy the serenity of your private waterfront setting with plenty of room for outdoor recreation, gardening, or simply relaxing while taking in the peaceful views. A spacious 2-car garage provides ample storage and convenience. Despite its secluded feel, this home is just a short drive to Downtown Wake Forest, where you'll enjoy locally owned restaurants, boutiques, coffee shops, and year-round community events. Outdoor enthusiasts will appreciate the nearby Falls Lake Recreation Area, E. Carroll Joyner Park, and Wake Forest's extensive greenway system, while shopping, grocery stores, and everyday conveniences along the Capital Boulevard corridor are all within easy reach. This is a rare opportunity to own a spacious waterfront property that combines the tranquility of country living with the convenience of one of Wake Forest's most desirable locations. Upgrades include HVAC (2022), Radon Mitigation System, Partial Crawlspace Encapsulation, RO Water Filter, Whole House Steam Humidifier.

5300 Mill Dam Rd, Wake Forest

$1,299,999

4 Beds ⋅ 4 Baths ⋅ 10163267 MLS ⋅ ACTIVE Status

Tucked away on a private cul-de-sac, this exceptional 4.43-acre retreat offers a rare blend of privacy, space and peaceful outdoor living, complete with a 20' x 40' saltwater pool, private pond, and wooded surroundings. Located in the desirable Millrace community of Wake Forest, the property provides a serene setting with convenient access to shopping, dining, top-rated schools, and the charm of downtown Wake Forest. Offering approximately 3,826 square feet, the home features 4 bedrooms, 3.5 bathrooms, a finished walk-out basement, a two-car garage, and a walk-in unfinished attic with more than 700 square feet of exceptional storage and future expansion potential. Hardwood floors extend throughout the main and second levels, complemented by abundant natural light, 9-foot ceilings, elegant architectural details, inlaid hardwood flooring, a vaulted dining room, and a shallow tray ceiling in the living room. The main level offers spacious living and dining areas, a marble fireplace with custom built-ins, a versatile flex room with French doors—ideal as a home office, library, music room, or sitting room—and an updated kitchen featuring quartz countertops, subway tile, Bosch stainless steel appliances, abundant cabinetry, and a coffee and wine bar. Upstairs, all four bedrooms are conveniently located on one level, including a well-appointed primary suite with dual walk-in closets and a beautifully renovated spa-inspired bath. A well-appointed laundry room with cabinetry, sink, and folding counter adds everyday convenience. The finished walk-out basement expands the home's versatility with a spacious recreation area, custom bar, flex room or guest space, full bath, generous storage, luxury vinyl plank flooring, and direct access to the backyard and pool—making it well suited for an in-law suite, extended guests, or multi-generational living. Outdoor living is exceptional, with a wraparound porch, covered deck, patio, fenced saltwater pool, private pond, and expansive lawn offering endless opportunities for recreation, entertaining, and relaxation. Recent improvements include a new HVAC system, whole-house repiping, new pool pump, filter and chlorinator, Bosch kitchen appliances, updated lighting, a professionally epoxied garage floor, painting, and a comprehensive home security system with fire and carbon monoxide monitoring. Millrace residents also enjoy access to four community lakes for fishing and small boating, neighborhood events, and scenic roads perfect for walking, running, and cycling. A rare opportunity to enjoy private estate-style living with acreage, exceptional outdoor living, extensive updates, and a convenient Wake Forest location.

7108 Mallard Crossing Way, Wake Forest

Start Your Search

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .